The Long term is buish but it all depends on what is long term? Toda everyone is talking about two years a long term. over the next decade India is on a long trot. But in the short and medium term it is absolutely overbought. If US and China collapse remember India collapses with them!!. US buys..this includes our services If they default then they stop buying services as well. Has anyone heard of a bankrupt buyer asking for new software applications? if they dont upgrade their software they dont outsource and if they dont outsource then India loses. As for now the bull run has been over before the budget. The post budget run was just the final breath of the overextended market giving out its final pant. This matters to Funds as a 40% drop from 7000 if more like 4200. WHY STAY INVESTED IF YOU CAN GET STUFF 30% LOWER.? 3 years laer one might still make money if they stay invested. but if they sell today and buy tommorrow at lower prices they make better returns. Doesnt that make sound investment sense?
